What drives paid ad performance most: creative volume and diversity, or concentrating on proven winners?
9 recorded positions from 6 people, first said Jan 18, 2023. They do not agree — the readings below are what each one actually argued.
High creative volume is the requirement
Hila Qu · Jan 18, 2023
The main driver of Facebook ad success is very high-volume creative testing rather than the standard targeting best practices, which are table stakes.
Lookalike audiences and optimizing toward best customers are standard, whereas launching new ads every day surfaced unexpected winners; a cross-functional room of designer, channel expert and data person made that volume possible.
Scope: based on Acorns' consumer app experience
7:38 20Growth: When To Make Your First Growth Hire? How To Structure the Hiring Process for Growth? Five Core Things the Best Growth Hires Do in the First Week? What to Expect New Growth Hires to Achieve in the First 30 and 90 Days with Hila Qu, Growth Advisor
Matt Swulinski · Aug 15, 2026 · hedged
A company running paid properly needs at least 400 to 500 new creatives a month.
Scope: 'probably'
0:00 20Growth: How to Build a $100M Growth Engine: Lessons from Wispr Flow and Superhuman | Why You Should Do Paid Ads Today and How To Do Them | How to Build the Best Referral Programs and How to Crush UGC with Matt Swulinski
Iterate the winning format then replicate at scale
Harry Stebbings · Jan 18, 2023
Loops should be amplified inorganically: when a piece of content outperforms organically, you should pay to promote it everywhere else and A/B test around what worked
You can very quickly see which content works — e.g. above 50,000 views on a platform — and then spend to make it perform even better
42:45 20Growth: When To Make Your First Growth Hire? How To Structure the Hiring Process for Growth? Five Core Things the Best Growth Hires Do in the First Week? What to Expect New Growth Hires to Achieve in the First 30 and 90 Days with Hila Qu, Growth Advisor
Paul Erlanger · Jun 27, 2026
When a content format works, moving on to find the next thing is completely wrong — you should iterate on it until it works better and then replicate it at scale
Conversion depends on granular variables — font, colour, placement, which person is speaking — that you only find by iterating on the winning format
Scope: Paul says his own team is still building this muscle
35:07 20VC: How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong | Why 1-1s are BS and What Every Founder Gets Wrong About Equity | Why Taste Beats AI But How AI Kills Org Charts with Paul Erlanger, CEO @ fomo
Also on the record
Antoine Le Nel · Oct 18, 2024
Cutting discussion time does not cost creativity, because shipping many more iterations produces more creative output overall
If you spend three months talking about an ad you run two a year; if you talk for a week you run four and can iterate more — the inception phase is shorter but you get far more done
36:26 Shorter deliberation enables more iterations which produces more creative output
Cliff Weitzman · May 9, 2026
Consistency of on-camera personality across ads doesn't matter, because you're marketing to different demographics and each needs its own face and setting
Different demographics convert on different presenters and backgrounds, so you reskin the same ad into many ages, ethnicities and settings and let the tests decide
18:22 Demographic matched presenters over a consistent brand face
Cliff Weitzman · May 9, 2026
Performance marketing should be run as an evolutionary tournament — ads graduate to bigger budgets only by beating incumbents, duplicating the way TikTok and Instagram distribute organic video
Winners get more spend, losers get cut; it's the same escalating-audience mechanic as the social algorithms except you pay per view
21:45 Tournament escalation where ads earn their budget
Matt Swulinski · Aug 15, 2026 · hedged
Early-stage companies should spend roughly as much on creative as on ad spend itself
Meta's Andromeda update made creative the targeting mechanism, so campaign tinkering no longer works and creative strategy is the whole job
17:47 Creative is the targeting mechanism fund it like media
Matt Swulinski · Aug 15, 2026
What matters is the diversity of the whole creative portfolio, not any single winning creative; doubling down only on what works will crater performance and raise CAC
Assets have to look and feel different to the algorithm — different ages, genders, settings, hooks — because volume of identical content gets drowned out
21:33 Portfolio diversity beats doubling down on winners
Your assistant can query this graph directly — 9 positions here, 19,646 across the corpus. Add 996.fm over MCP.